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URL:  http://boards.fool.com/now-that-i-am-in-this-long-term-plan-of-which-i-26297236.aspx

Subject:  Re: IRA Mayhem Date:  1/18/2008  6:06 PM
Author:  Rayvt Number:  61055 of 76419

Now that I am in this long term plan of which I have paid all fees upfront should I stay in it or is it time to take more control over my retirement IRA?

Refresh yourself on Econ 101, and get a good understanding of "sunk costs". http://www.wordwebonline.com/search.pl?ww=5&w=sunk%20cost

That money you paid out in fees is gone forever. There's nothing you can do about it, so you need to forget about it and make your decision now without taking it into consideration.

If it helps, think of your original transaction as you having been mugged and your wallet & money stolen. Would you stay with a bad investment just because you got mugged?
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